Wellspring Nabbed Rival Plant Bosses, Secrets: Suit

Law360, New York (April 13, 2011, 3:40 PM EDT) -- After failing to acquire a Wisconsin packaging plant, Wellspring Capital Management LLC breached a nondisclosure agreement by poaching the plant's employees and trade secrets for a competing facility, a suit filed Monday in New York state court alleges.

Exopack LLC, the packaging firm that beat out Wellspring to buy a cheese packaging facility in Menasha, Wis., accused the private equity firm of interfering with its ability to run the plant in a complaint filed in the Supreme Court for the State of New York, County of...